Gift is one of largest ever donated to the university
LOUISVILLE, Ky. (June 26, 2014) — Louisville businessman J.D. Nichols, chairman of local real estate development firm NTS Corp., is making a $10 million gift to the University of Louisville — one of the largest awards the university has ever received.
The gift will be paid over three to five years. The money is undesignated and can be used at the discretion of UofL.
As a result of the gift The Nucleus, the University of Louisville Foundation’s new office building, will be named the J.D. Nichols Campus for Innovation and Entrepreneurship.
Nichols, a Louisville native, is a 1964 graduate of UofL’s Louis D. Brandeis School of Law and a former member of UofL’s board of trustees.
“Education is the key to the continued growth and success of our community,” Nichols said. “For some time, I’ve wanted to do something that would impact UofL students, faculty and this community. This gift is the result of conversations that began at the start of the university’s recently completed $1 billion capital campaign.”